Quantbot Technologies LP Has $1.10 Million Stake in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Quantbot Technologies LP has reduced its stake in ZTO Express by 60.0%, now holding 55,344 shares worth approximately $1,098,000 after selling 83,025 shares in Q1.
• ZTO Express plans to pay a dividend of $0.29 per share on October 31st, with a significant dividend yield of 330.0%.
• Analyst ratings for ZTO Express have varied, with Bank of America raising its price target to $22.00 while Citigroup lowered its target to $22.60.

Quantbot Technologies LP trimmed its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 60.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,344 shares of the transportation company's stock after selling 83,025 shares during the quarter. Quantbot Technologies LP's holdings in ZTO Express (Cayman) were worth $1,098,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of ZTO Express (Cayman) by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock worth $242,000 after acquiring an additional 730 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in ZTO Express (Cayman) by 31.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock worth $11,464,000 after acquiring an additional 137,202 shares in the last quarter. Cerity Partners LLC lifted its stake in ZTO Express (Cayman) by 30.6% during the 1st quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company's stock worth $519,000 after acquiring an additional 6,135 shares in the last quarter. UMB Bank n.a. lifted its stake in ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after acquiring an additional 664 shares in the last quarter. Finally, TB Alternative Assets Ltd. purchased a new stake in ZTO Express (Cayman) during the 1st quarter worth about $1,640,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO traded down $0.24 during midday trading on Friday, reaching $18.20. The stock had a trading volume of 1,550,970 shares, compared to its average volume of 2,253,038. The company has a market capitalization of $10.89 billion, a P/E ratio of 12.30, a P/E/G ratio of 12.22 and a beta of -0.18. The firm's 50 day moving average price is $19.05 and its 200-day moving average price is $18.89. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50.

ZTO Express (Cayman) Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 330.0%. ZTO Express (Cayman)'s payout ratio is currently 45.95%.

Analysts Set New Price Targets

ZTO has been the topic of several recent research reports. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a report on Wednesday, July 2nd. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $23.00 to $21.00 in a research report on Thursday, May 29th. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup decreased their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Bank of America boosted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $22.36.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.